Growth In Property Loans Slows
By Maggie Zhang |
April 27, 2011, Wednesday
|
Print Edition
Print Edition
TIGHT government measures imposed since June last year have slowed the growth of real estate loans in Shanghai, the local banking watchdog said yesterday.
Banks in Shanghai extended 4.8 billion yuan (US$738 million) of new property loans in March, down 2.2 billion yuan from February's, the Shanghai Bureau of the China Banking Regulatory Commission said yesterday.
Total real estate loans grew 17 percent to 487 billion yuan at the end of March. The rise was 14.8 percentage points lower from a year ago.
Personal mortgages in Shanghai rose in March as home sales rebounded.
Banks in Shanghai lent 4.63 billion yuan in mortgages last month, up 1.73 billion yuan from February.
With the central government reining in real estate loans, banks turned to auto loans, credit cards and individual consumption loans.
In March, individual consumption loans offered by banks in Shanghai rose 2.9 billion yuan, against a drop of 166 million yuan in February.
Credit to small and medium enterprises outgrew average loan growth as banks followed the regulator's call to back firms which find it hard to obtain credit.
Banks in Shanghai extended 4.8 billion yuan (US$738 million) of new property loans in March, down 2.2 billion yuan from February's, the Shanghai Bureau of the China Banking Regulatory Commission said yesterday.
Total real estate loans grew 17 percent to 487 billion yuan at the end of March. The rise was 14.8 percentage points lower from a year ago.
Personal mortgages in Shanghai rose in March as home sales rebounded.
Banks in Shanghai lent 4.63 billion yuan in mortgages last month, up 1.73 billion yuan from February.
With the central government reining in real estate loans, banks turned to auto loans, credit cards and individual consumption loans.
In March, individual consumption loans offered by banks in Shanghai rose 2.9 billion yuan, against a drop of 166 million yuan in February.
Credit to small and medium enterprises outgrew average loan growth as banks followed the regulator's call to back firms which find it hard to obtain credit.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
